MRP Capital Investments LLC Sells 591 Shares of Alliant Energy Co. (NASDAQ:LNT)

MRP Capital Investments LLC lessened its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 53.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 513 shares of the company’s stock after selling 591 shares during the period. MRP Capital Investments LLC’s holdings in Alliant Energy were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LNT. Whittier Trust Co. raised its position in Alliant Energy by 80.4% in the 4th quarter. Whittier Trust Co. now owns 3,141 shares of the company’s stock valued at $186,000 after purchasing an additional 1,400 shares during the last quarter. Enhancing Capital LLC bought a new position in Alliant Energy in the 4th quarter valued at $1,866,000. Xponance Inc. raised its position in Alliant Energy by 3.2% in the 4th quarter. Xponance Inc. now owns 36,349 shares of the company’s stock valued at $2,150,000 after purchasing an additional 1,132 shares during the last quarter. Cibc World Markets Corp raised its position in Alliant Energy by 16.4% in the 4th quarter. Cibc World Markets Corp now owns 40,490 shares of the company’s stock valued at $2,395,000 after purchasing an additional 5,698 shares during the last quarter. Finally, GWN Securities Inc. bought a new position in Alliant Energy in the 4th quarter valued at $1,195,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.1 %

Shares of Alliant Energy stock opened at $63.55 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. The business has a fifty day simple moving average of $61.19 and a 200 day simple moving average of $60.49. The stock has a market cap of $16.31 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Research analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.19%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy’s payout ratio is presently 75.46%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Guggenheim reiterated a “neutral” rating and issued a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets boosted their target price on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Monday, February 24th. Finally, Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.25.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.